Phoenix Group Holdings (PHNX) Receives GBX 803 Average Price Target from Brokerages

Shares of Phoenix Group Holdings (LON:PHNX) have been assigned an average rating of “Buy” from the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is GBX 803 ($10.56).

PHNX has been the topic of several analyst reports. HSBC Holdings plc reaffirmed a “hold” rating and issued a GBX 790 ($10.39) price objective on shares of Phoenix Group Holdings in a research report on Tuesday, June 13th. Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 875 ($11.50) price objective on shares of Phoenix Group Holdings in a research report on Thursday, June 15th. Barclays PLC reaffirmed an “underweight” rating and issued a GBX 673 ($8.85) price objective on shares of Phoenix Group Holdings in a research report on Wednesday, June 28th. Numis Securities Ltd reaffirmed a “hold” rating and issued a GBX 785 ($10.32) price objective on shares of Phoenix Group Holdings in a research report on Tuesday, July 18th. Finally, J P Morgan Chase & Co upped their price objective on Phoenix Group Holdings from GBX 826 ($10.86) to GBX 837 ($11.00) and gave the company an “overweight” rating in a research report on Friday, August 4th.

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Shares of Phoenix Group Holdings (PHNX) traded down 0.07% during mid-day trading on Friday, hitting GBX 758.50. The company had a trading volume of 308,935 shares. Phoenix Group Holdings has a 52 week low of GBX 691.00 and a 52 week high of GBX 817.48. The firm has a 50-day moving average price of GBX 754.65 and a 200-day moving average price of GBX 758.46. The firm’s market capitalization is GBX 2.97 billion.

The company also recently declared a dividend, which was paid on Monday, October 2nd. Stockholders of record on Thursday, September 7th were issued a dividend of GBX 25.10 ($0.33) per share. This represents a dividend yield of 3.24%. This is a boost from Phoenix Group Holdings’s previous dividend of $23.90. The ex-dividend date was Thursday, September 7th.

About Phoenix Group Holdings

Phoenix Group Holdings is a consolidator of closed life assurance funds specializing in the management and acquisition of closed life and pension funds. The Company’s segment: life assurance (including its management services operations) is referred to as Phoenix Life. It has four operating life companies, which hold policyholder assets and a distribution business, SunLife.

Analyst Recommendations for Phoenix Group Holdings (LON:PHNX)

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